Monero (XMR) is trading at $577.05, up 5.61% in the past 24 hours, according to CoinGecko data as of 11:13 UTC on November 11, 2026. The privacy-focused cryptocurrency is outperforming the broader market on a day when Bitcoin is down 0.40% and Ethereum has fallen 1.80%.
Why Is Monero (XMR) Price Up Today?
No single confirmed news event explains today’s move. Sources checked in the past 72 hours, including TokenPost, CoinMarketCap’s gainers list, and CoinOtag, did not identify a single dated catalyst for November 11, 2026 specifically.
The closest development is from earlier this week. THORChain, a decentralized exchange protocol, completed version 3.21.1 of its software on or around November 8, 2026, adding the technical groundwork needed to support XMR swaps. However, XMR swaps on THORChain are not yet live. Activation still requires a node churn (a rotation of the network’s validators) and new private key generation, according to TokenPost. For related coverage, see Why Is Quant (QNT) Price Down Today? QNT Price Analysis.
THORChain developer Chad Barraford noted on November 5 that resuming the node rotation could take at least one week and possibly two. Delays were linked to separate issues involving the Solana and Base blockchain networks, according to the same TokenPost report. After the node rotation completes, THORChain plans to open a small test pool with only a few hundred dollars available for initial trades. Context on this theme: Why Is PancakeSwap (CAKE) Price Down Today? Key Drivers.
What Is Driving Interest in XMR?
XMR’s market cap stands at approximately $10.87 billion, per CoinGecko.
On Binance, the XMR/USDT perpetual futures funding rate stood at 0.0100% as of the same timestamp, according to Binance data. A positive funding rate means long holders (traders betting on a price rise) are paying short holders, which typically signals that bullish demand is outweighing bearish positioning on that exchange.
The broader market backdrop is cautious. The Crypto Fear and Greed Index sits at 29 out of 100, a reading labeled “Fear,” as of November 11, 2026. When the overall market is fearful but a specific coin is rising, one reading is that investors are rotating into assets they perceive as having a specific near-term catalyst, even an unconfirmed one.
Privacy demand has been a recurring theme for XMR in recent weeks. On November 4, 2026, XMR surged 4.21% to $630.27, a move CoinOtag linked to increased demand from users seeking privacy features, including activity connected to stolen-fund laundering. That pattern highlights how Monero, which hides sender, receiver, and transaction amounts by design, tends to attract demand during periods when financial privacy is in focus. The comparison to Monero vs Bitcoin on privacy and exchange access is worth understanding for anyone evaluating XMR’s long-term position.
XMR’s all-time high was $797.73, set on January 14, 2026, according to CoinGecko. At today’s price of $577.05, XMR sits approximately 27.7% below that peak. Over the past 30 days, XMR is up 8.62%, though it has pulled back 9.5% over the past seven days, suggesting the coin has been volatile in recent weeks.
Privacy coins face a narrower footprint on regulated exchanges, particularly in Europe. That context makes the pending THORChain integration noteworthy: a decentralized swap route would let users trade XMR without relying on a centralized exchange that might delist it. No specific regulatory action targeting XMR was identified in sources checked for this article.
What to Watch Next for Monero Price
The clearest near-term signal to monitor is the THORChain node rotation. When that rotation completes, THORChain will open a small XMR test pool, which could act as a fresh catalyst if it generates positive coverage. Developer Chad Barraford’s estimate of one to two weeks from November 5 suggests the rotation could happen between mid and late November 2026, though no confirmed date has been announced.
The funding rate on Binance XMRUSDT perpetuals (0.0100% as of 11:13 UTC, per Binance) is modestly positive. That means long positioning is not at extreme levels, which could indicate room for further upside before overleveraged longs become a risk.
XMR’s 30-day gain of 8.62% and its performance against a down Bitcoin and Ethereum today suggest Monero is currently drawing independent buying interest, not just following the broader crypto market. Whether that continues depends largely on the THORChain integration timeline and whether privacy coin demand holds. Crypto prices can reverse quickly, and nothing in this article is investment advice.
For context on how other assets are moving in the same environment, the Ethereum price analysis covers ETH’s separate dynamics today. Traders tracking cross-chain activity may also find the Midnight (NIGHT) privacy coin move relevant, as it reflects broader sector momentum in privacy-focused assets.
Editorial credits
Checked by CoinLineup QC Team before publishing on November 11, 2026 for headline accuracy, original value, factual consistency, metadata, authorship claims and risk disclosure: our AI review system checks every article before it goes live, and our duty editor monitors it after publication. Report an error.
CoinLineup uses AI for research, drafting and review. Our editorial team is responsible for every article and corrects or withdraws articles when needed. How we review.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
